How do recent home sales look in Ada County?

See for yourself…

 

It appears that spring has sprung in our local Boise-area housing market. The graph below demonstrates a significant increase of both Pended and Sold properties in the last several months, with only a modest increase of listed(Active) properties in the same time frame. While this trend is typical due to seasonal implications, it is no less encouraging data in a marketplace with an uncertain reputation. Sales of single-family homes in Ada County(comprised generally of the greater Boise area and the cities of Meridian, Eagle, Star, Garden City, Kuna) have jumped 63% from February 2010 to March 2010, from 339 to 553. The number of transactions that established Pending status increased 59% in the same time frame, while the number of listed(Active) properties only increased roughly 1.4%, from 3412 to 3459. If you look back in the graph to the year-over-year comparison in March of 2009, you will see that the statistics support nearly identical improvements. The notable difference to consider is that the number of listed properties has declined nearly 10% in the last year.

If you would like to know how this trend analysis applies to your specific neighborhood, please contact me for more information. I can also provide statistics that relate to the percentage of list price versus sales price, average number of days on market, average price per square foot and months of inventory. Enjoy the beautiful weather!

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